Fuel Scarcity Looms as Reps Raise Alarm Over Supply Crisis, Rising Petrol Prices
Nigeria may be on the brink of another fuel scarcity crisis, as the House of Representatives Committee on Petroleum Resources (Downstream) has warned that petrol queues and further price hikes could emerge within weeks if urgent steps are not taken. Join Akahi News VIP WhatsApp Channel for Breaking News Alerts, Direct to Your Phone Take […]
Petrol Importation Resumes as Local Refinery Supply Gaps Persist
Nigeria’s petrol market has witnessed a significant policy shift as the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resumes import licences for petrol and diesel to bridge gaps left by local refineries. Industry stakeholders say the move is a strategic response to prevent fuel scarcity, particularly while domestic refining operations […]
Petrol May Hit ₦1,000 Per Litre As Crude Oil Price Crosses $70 — Marketers Warn
There are growing fears across Nigeria that the pump price of Premium Motor Spirit (PMS), commonly known as petrol, may soon rise to as high as ₦1,000 per litre following a fresh surge in global crude oil prices beyond the $70 per barrel mark. Join Akahi News VIP WhatsApp Channel for Breaking News Alerts, Direct […]
Petrol, Diesel, LPG Prices Set to Fall Further as Supply Rises and Competition Deepens – NMDPRA
Nigeria’s downstream energy market may be heading for a period of sustained relief as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has projected continued declines in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG) nationwide. The development comes amid rising supply, intensifying competition and expanding private sector investments across the oil […]
NNPCL Slashes Petrol Price to ₦815 Per Litre Amid Intensifying Downstream Competition
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), popularly known as petrol, to ₦815 per litre across several of its retail outlets, marking another shift in the country’s volatile downstream oil market. Join Akahi News VIP WhatsApp Channel for Breaking News Alerts, Direct to Your Phone […]